Insurance Company – Car Insurance In Memphis http://carinsuranceinmemphis.net/ Fri, 17 Sep 2021 23:48:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://carinsuranceinmemphis.net/wp-content/uploads/2021/06/icon-1.png Insurance Company – Car Insurance In Memphis http://carinsuranceinmemphis.net/ 32 32 The insurer requests 9th Circ. Claim victory in opioid coverage litigation https://carinsuranceinmemphis.net/the-insurer-requests-9th-circ-claim-victory-in-opioid-coverage-litigation/ https://carinsuranceinmemphis.net/the-insurer-requests-9th-circ-claim-victory-in-opioid-coverage-litigation/#respond Fri, 17 Sep 2021 23:11:00 +0000 https://carinsuranceinmemphis.net/the-insurer-requests-9th-circ-claim-victory-in-opioid-coverage-litigation/ By Eli Flesch (September 17, 2021, 7:11 p.m. EDT) – US Specialty Insurance Co. on Friday urged Circuit Ninth to uphold the finding that a California pharmaceutical company was not entitled to coverage for costs incurred in connection with of an investigation of opioid drugs and the company’s marketing practices. The insurer said an exclusion […]]]>
By Eli Flesch (September 17, 2021, 7:11 p.m. EDT) – US Specialty Insurance Co. on Friday urged Circuit Ninth to uphold the finding that a California pharmaceutical company was not entitled to coverage for costs incurred in connection with of an investigation of opioid drugs and the company’s marketing practices.

The insurer said an exclusion of goods and products in its policy with San Diego-based drugmaker Sentynl Therapeutics was correctly interpreted to largely exclude coverage for the $ 2.4 million the drug company spent to respond to subpoenas for information on the marketing of levorphanol, one of its prescription opioids. medications.

This is because the policy unambiguously excluded coverage for losses resulting from claims that could …

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Community Insurance Agency and IMT Insurance Grant $ 250 Donation to Audubon Recreation Center | Audubon https://carinsuranceinmemphis.net/community-insurance-agency-and-imt-insurance-grant-250-donation-to-audubon-recreation-center-audubon/ https://carinsuranceinmemphis.net/community-insurance-agency-and-imt-insurance-grant-250-donation-to-audubon-recreation-center-audubon/#respond Fri, 17 Sep 2021 13:49:00 +0000 https://carinsuranceinmemphis.net/community-insurance-agency-and-imt-insurance-grant-250-donation-to-audubon-recreation-center-audubon/ AUDUBON – IMT Insurance, one of the leading providers of personal and commercial insurance products in the Midwest, recently announced its list of the 65 winners of the community competition, honoring Audubon Leisure Center, submitted by the Community Insurance Agency, as the one of the recipients. The IMT Community Contest rewards monetary donations to community […]]]>

AUDUBON – IMT Insurance, one of the leading providers of personal and commercial insurance products in the Midwest, recently announced its list of the 65 winners of the community competition, honoring Audubon Leisure Center, submitted by the Community Insurance Agency, as the one of the recipients.

The IMT Community Contest rewards monetary donations to community projects and organizations in the states where the company operates. This year, nominations were submitted for review from June to August, and 65 prizes ranging from $ 250 to $ 1,000 were donated to local projects in need.

With 130 nominations submitted and $ 30,750 awarded to meritorious causes, the Audubon Recreation Center was chosen as one of the winners of the 2021 $ 250 project.

This is the 24th consecutive year that ITM has given gifts to local community projects in need of funding. IMT Insurance offers insurance products through more than 1,000 independent insurance agencies in six states: Iowa, Illinois, Minnesota, Nebraska, South Dakota and Wisconsin.

IMT Insurance is honored to partner with Community Insurance Agency. The superior performance and enduring commitment of agencies such as Community Insurance Agency allows IMT to continue to live up to its slogan “Don’t worry!” “

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Pa. Gambling Co. Asks to Send Insurance Lawsuit to State Court https://carinsuranceinmemphis.net/pa-gambling-co-asks-to-send-insurance-lawsuit-to-state-court/ https://carinsuranceinmemphis.net/pa-gambling-co-asks-to-send-insurance-lawsuit-to-state-court/#respond Thu, 16 Sep 2021 23:45:00 +0000 https://carinsuranceinmemphis.net/pa-gambling-co-asks-to-send-insurance-lawsuit-to-state-court/ By Joyce Hanson (September 16, 2021, 7:45 p.m. EDT) – Gaming and entertainment company Greenwood Racing Inc. has again urged a Pennsylvania federal judge to send his lawsuit against two insurers over coverage to state court COVID-19, claiming that a recent Third Circuit ruling supports its argument that a district court need not retain jurisdiction. […]]]>
By Joyce Hanson (September 16, 2021, 7:45 p.m. EDT) – Gaming and entertainment company Greenwood Racing Inc. has again urged a Pennsylvania federal judge to send his lawsuit against two insurers over coverage to state court COVID-19, claiming that a recent Third Circuit ruling supports its argument that a district court need not retain jurisdiction.

The Third Circuit, in its August 18 decision in Dianoia’s Eatery LLC v. Motorists Mutual Insurance Co. “categorically rejected” an argument that the two insurers, American Guarantee & Liability Insurance Co. and Steadfast Insurance Co., did the same to oppose Greenwood’s offer. in pre-trial detention, according to a note filed Thursday by the gaming and entertainment company which …

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Ategrity Specialty Insurance Company closes $ 75 million fundraising https://carinsuranceinmemphis.net/ategrity-specialty-insurance-company-closes-75-million-fundraising/ https://carinsuranceinmemphis.net/ategrity-specialty-insurance-company-closes-75-million-fundraising/#respond Thu, 16 Sep 2021 14:52:13 +0000 https://carinsuranceinmemphis.net/ategrity-specialty-insurance-company-closes-75-million-fundraising/ Ategrity Specialty Insurance Company, a Scottsdale, Ariz., specialty property & casualty insurance company focused on the over-and-over-line (“E&S”) market, completed a $ 75 million capital increase. The round was led by Sequentis Financial. The company intends to use the funds to continue growing. Led by Mike Miller, Executive Chairman and Chief Executive Officer, Ategrity is […]]]>

Ategrity Specialty Insurance Company, a Scottsdale, Ariz., specialty property & casualty insurance company focused on the over-and-over-line (“E&S”) market, completed a $ 75 million capital increase.

The round was led by Sequentis Financial.

The company intends to use the funds to continue growing.

Led by Mike Miller, Executive Chairman and Chief Executive Officer, Ategrity is a specialty property and casualty insurance company focused on the excess and excess insurance (“E&S”) market. Its offerings include E&S Property & Casualty business activities on a primary and surplus basis. The company serves wholesalers and brokers across the United States on the basis of a contract and an individual brokerage account. Ategrity has a captive reinsurance company located in Bermuda which will share the risks of the insurance business.

Ategrity was launched in September 2018 with funding from Stuart Zimmer, President of Sequentis Financial and Founder and CEO of Zimmer Partners, a multi-billion dollar research-focused investment advisor and operating company of Sequentis Financial.

FinSME

09/16/2021



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AF Group Announces Mike Hicks as Senior Vice President of Digital Experience https://carinsuranceinmemphis.net/af-group-announces-mike-hicks-as-senior-vice-president-of-digital-experience/ https://carinsuranceinmemphis.net/af-group-announces-mike-hicks-as-senior-vice-president-of-digital-experience/#respond Tue, 14 Sep 2021 15:02:00 +0000 https://carinsuranceinmemphis.net/af-group-announces-mike-hicks-as-senior-vice-president-of-digital-experience/ Hicks was previously senior vice president and chief information officer for Emergent Holdings, Inc., with technology oversight for AF Group, Advantasure, Senior Health Services and Covantage Health Partners. “We are delighted to welcome a recognized champion of innovation and technology to our leadership team,” said Lisa Corless, President and CEO of Groupe AF. “Throughout his […]]]>

Hicks was previously senior vice president and chief information officer for Emergent Holdings, Inc., with technology oversight for AF Group, Advantasure, Senior Health Services and Covantage Health Partners.

“We are delighted to welcome a recognized champion of innovation and technology to our leadership team,” said Lisa Corless, President and CEO of Groupe AF. “Throughout his career, Mike has demonstrated an unremitting commitment to success, and his role in creating essential digital and customer experiences will lead us to exciting new possibilities. ”

During his 25-year career, Hicks has held executive positions at Guardian Life, MassMutual Financial Group, The Hartford Life Insurance Co., The Phoenix Life Insurance Company and Lincoln Financial Group. He holds a Bachelor of Arts degree from Boston university and an MBA in Global Affairs and Leadership from the Northeastern University D’Amore-McKim Business School in Boston. Hicks is currently a finalist for the Orbie Michigan CIO of the Year 2021 award.

To learn more about AF Group and its brands, visit AFGroup.com.

About the AF Group
Group AF (Lansing, Mich.) and its subsidiaries are a leading provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within the AF group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.

Contact:
Bob Lapinski
(517) 331-4890
[email protected]
AFGroup.com

AF SOURCE Group

Related links

http://www.afgroup.com/

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Insurance rate hikes are okay, but not as big as carriers wanted https://carinsuranceinmemphis.net/insurance-rate-hikes-are-okay-but-not-as-big-as-carriers-wanted/ https://carinsuranceinmemphis.net/insurance-rate-hikes-are-okay-but-not-as-big-as-carriers-wanted/#respond Fri, 10 Sep 2021 21:01:03 +0000 https://carinsuranceinmemphis.net/insurance-rate-hikes-are-okay-but-not-as-big-as-carriers-wanted/ Yehyun Kim :: ctmirror.org State Comptroller Kevin Lembo, center, Attorney General William Tong, left, and health care attorney Ted Doolittle have criticized the higher rates being demanded by insurance companies. Connecticut consumers will see higher rates on many health insurance plans next year, but not as many as insurance companies had hoped. The State Department […]]]>

Yehyun Kim :: ctmirror.org

State Comptroller Kevin Lembo, center, Attorney General William Tong, left, and health care attorney Ted Doolittle have criticized the higher rates being demanded by insurance companies.

Connecticut consumers will see higher rates on many health insurance plans next year, but not as many as insurance companies had hoped.

The State Department of Insurance approved an average rate increase of 5.6% for individual health plans in 2022. Carriers had requested an average increase of 8.6%.

For small group contracts, the insurance department authorized an average rate hike of 6.7%. Insurers had requested 12.9%.

State Insurance Commissioner Andrew Mais said on Friday his department saved consumers a collective $ 76 million next year by approving smaller rate hikes.

“By working on behalf of consumers, the department has been able to reduce demands for increased health insurance rates … but we must work to deal with the skyrocketing health care costs that these premiums cover,” he said. he said in a press release. “The unit cost of inpatient and outpatient care has historically increased by around 10% per year. The prices of prescription drugs have increased further. I will continue to work with all stakeholders to find long-term solutions that promote access and remove barriers to coverage here in Connecticut.

Anthem Health Plans and ConnectiCare Benefits Inc., which sell individual and small group policies on the state’s affordable care exchange, Access Health CT, have both called for higher rates.

Anthem has requested an average increase of 12.3% for individual plans that cover 28,071 people. The insurance department has approved an average increase of 5.8% (increases range from -0.55% to 15.61%, depending on the plan).

Anthem also proposed an 11.5% average rate hike on breakout policies that cover 25,529 people. The state signed 2.9%.

ConnectiCare requested an average increase of 7.4% for individual plans that support 81,852 residents. The state authorized 5.5% (increases range from -0.6% to 14.8% depending on the plan).

The company also suggested an average increase of 13.6% on breakout policies. The state approved 10.3%.

Ten insurers also sell policies on the stock exchange. Approved increases vary by plan.

“The department exercised its authority as provided by state law. The carriers may not agree with all the final decisions, but they are respecting the process, ”said Susan Halpin, executive director of the Connecticut Association of Health Plans, which lobbies on behalf of insurers. “Ultimately, the premiums simply reflect the underlying healthcare costs, and we can only agree with the Commissioner’s call to continue the work of all stakeholders to reduce the unit costs of patients. care.”

The rate hikes drew criticism from several government officials.

“I am disappointed,” said Comptroller Kevin Lembo, a former state health care advocate. “The cost of health insurance is going to go up for a lot… at a time when people can least afford it.”

“The requested rate increases were completely unwarranted and were only intended to extract more money from families and small businesses in Connecticut. … The tariff review process does not sufficiently protect consumers and needs to be completely rewritten.

Even though the Insurance Department approved increases lower than requested, health care attorney Ted Doolittle said they were still high.

“The fact that the insurance department has had to drastically reduce some of the rates charged does not inspire confidence that carriers have all the tools they need to keep medical costs under control,” he said. “Carriers are right that high medical prices lead to higher premiums. But that just leads to the question of why carriers are not able to negotiate better prices. “

“If our insurers are unable to negotiate fair and sustainable medical prices, this is something the state needs to know about and help. “

Attorney General William Tong called the higher rates “further pressure” on residents during an already difficult time.

“While I recognize that the Connecticut Department of Insurance hasn’t given insurers everything they’ve asked for, these rate hikes are still way too high,” he said. “I am not convinced that an increase was justified based on the trends we are seeing in our own state and nationally.”

The rate hikes are larger than those approved last year by the insurance department. In 2020, the department kept prices essentially stable for carriers on the stock exchange.

In 2019, Anthem had requested an average 15.2% increase in individual policies. The ministry authorized 6.5%.

That same year, ConnectiCare offered a 4.9% hike on individual plans. The ministry approved 2%.

Carriers cited several reasons for asking for higher rates, including growing demand for medical services and the rising cost of prescription drugs, among other trends. They also highlighted an increase in morbidity and expected severity of claims due to delays in care during the pandemic.

Insurers said recent legislation, such as a bill passed last year that caps a 30-day supply of insulin at $ 25, was also behind the recommended increases.

“What we see as the most important challenge facing the market [is] the rising cost of healthcare, ”Steven Ribeiro, regional vice president of sales for Anthem Blue Cross and Blue Shield, told state officials in a public hearing last month. “One of the key factors driving up the overall cost is the ever-increasing cost of prescription drugs, especially new drugs and those that treat serious illnesses. While Anthem appreciates their importance, these extraordinary and expensive treatments, like cell and gene therapy, result in additional costs to the healthcare system which must be reflected in our premiums. “

At the same hearing, residents, lawyers and lawmakers called on the state to reject the proposed increases.

“Most of you are immune to consumer anger, but there is anger out there,” said Diane Keefe, a Norwalk resident. “I pay $ 43,200 a year for a family of four with $ 5,000 deductibles at Aetna, and I’m on Cobra. It is unbearable. Families are suffering and there should be no increase.

Open registration for the 2022 health plans begins November 1.

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Sports Supply Co. can’t dodge Dick’s Burst Ball Suit decision https://carinsuranceinmemphis.net/sports-supply-co-cant-dodge-dicks-burst-ball-suit-decision/ https://carinsuranceinmemphis.net/sports-supply-co-cant-dodge-dicks-burst-ball-suit-decision/#respond Tue, 07 Sep 2021 21:49:00 +0000 https://carinsuranceinmemphis.net/sports-supply-co-cant-dodge-dicks-burst-ball-suit-decision/ Law360 (Sept. 7, 2021, 5:49 p.m. EDT) – Sports equipment maker cannot evade Pennsylvania court ruling three years ago after waiving arbitration and failing to raise basic defenses in a case related to a defective exercise ball, a state appeals court found. Dick’s Sporting Goods sued Dalps & Leisure Products Supply Corp., the maker of […]]]>
Law360 (Sept. 7, 2021, 5:49 p.m. EDT) – Sports equipment maker cannot evade Pennsylvania court ruling three years ago after waiving arbitration and failing to raise basic defenses in a case related to a defective exercise ball, a state appeals court found.

Dick’s Sporting Goods sued Dalps & Leisure Products Supply Corp., the maker of an allegedly defective exercise ball sold to Dick’s, in 2015, seeking coverage from Dalps’ insurer, the Insurance Company of people of China, to defend themselves against a claim for damages brought by Donald Royce, who was allegedly injured with the ball.

Despite years of litigation, Dalps waited after legal sanctions and a …

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Business Travel Insurance Market Study, Recent Trends and Growth Forecast 2025 https://carinsuranceinmemphis.net/business-travel-insurance-market-study-recent-trends-and-growth-forecast-2025/ https://carinsuranceinmemphis.net/business-travel-insurance-market-study-recent-trends-and-growth-forecast-2025/#respond Mon, 30 Aug 2021 06:23:54 +0000 https://carinsuranceinmemphis.net/business-travel-insurance-market-study-recent-trends-and-growth-forecast-2025/ The Business Travel Insurance Market report confirms the future market forecast related to the Business Travel Insurance market size, revenue, production, consumption, gross margin and to other important factors. It also examines the role of major players in the business travel insurance market involved in the industry, including their overview of the business. While emphasizing […]]]>

The Business Travel Insurance Market report confirms the future market forecast related to the Business Travel Insurance market size, revenue, production, consumption, gross margin and to other important factors. It also examines the role of major players in the business travel insurance market involved in the industry, including their overview of the business. While emphasizing the major driving factors of the business travel insurance market, the report also offers a comprehensive study of future trends and developments in the market.

The report also assesses the driving forces of the Travel Insurance market and the changing dynamics which have been examined as a growth factor. Additionally, the Business Travel Insurance Study sheds light on limitations and constraints that could possibly become an obstruction as the business travel insurance industry earns substantial revenue. The report also helps readers gain in-depth knowledge of a business travel insurance market environment which includes terms such as barriers to entry and trade policies as well as regulatory, political, financial concerns. and social issues that may also hamper the growth momentum of the business travel insurance market.

It also allows discerning clients to gain competitive advantages in the business travel insurance market and the strengths and weaknesses of their powerful adversaries. The Business Travel Insurance report focuses on their strategic moves, including brand expansion, public relations activities and product launches. The report highlights the ideas, goals, core business values ​​and niche markets of the major contributors operating in the global business travel insurance industry.

Request a copy of this report @ https://www.nwdiamondnotes.com/request-sample/4859

Potential manufacturers / investors, traders, distributors, wholesalers, retailers, importers and exporters, associations and government agencies are the primary audience for the business travel insurance market involved in this report.

Scope of the report:

Business Travel Insurance Market Competition by Major Manufacturers:

  • Allianz
  • MetLife
  • AIG
  • Genarali
  • AXA Group
  • Zurich
  • Sompo Japan
  • PICC
  • Chubb
  • Tokio Marine
  • Mapfre Assistance
  • Pin An and Hanse Merkur

Business Travel Insurance Market Outlook by Applications:

Insurance intermediaries, Insurance company, Bank, Insurance broker, Other, Insurance intermediaries hold a significant share in terms of applications and represent 50% of the market share

Business Travel Insurance Market Statistics by Types:

Single Trip Coverage, Annual Multi Trip Coverage, Other, Single Trip Coverage segment has a comparatively larger share in the global market and accounts for around 69.7

The study includes the profiles of the major players in the travel insurance market with a significant global and / or regional presence. The study on the global travel insurance market includes qualitative factors such as drivers, restraints, and opportunities. The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, technology and vertical. In addition, the study provides similar information for key geographic areas.

With a clear vision, this report also helps in understanding the business travel insurance market dynamics, structure by analyzing the business travel insurance market segments and projects the travel insurance market size business. Actual market size and forecast has been provided for all segments mentioned above.

Major points are tagged in detail and covered in this Travel Insurance Market Report: –

  • Market Snapshot: Scope and Product Overview, Classification of Business Travel Insurance by Product Category (Market Size (Sales), Market Share Comparison by Type (Product Category)), Travel Insurance Market business by application / end-users (sales (volume) and market share comparison by application), market by region (market size (value) comparison by region, status and prospect
  • Business Travel Insurance Market By Manufacturing Cost Analysis: Analysis of key raw materials, price trend of key raw materials, major raw material suppliers, raw material market concentration rate, proportion of manufacturing cost structure (raw materials, labor cost) , analysis of the manufacturing process
  • Profiles of business travel insurance players / providers and sales data: Company, Basic Company Information, Manufacturing Base and Competitors, Product Category, Application and Specification with Sales, Revenue, Price and Gross Margin, Main Business / Business Overview.
  • Key strategic developments: The study also includes key strategic developments in the business travel insurance market, comprising R&D, new product launches, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures and growth region of the main competitors operating in the market on a global and regional scale. climb.
  • Main characteristics of the market: The report assessed the main characteristics of the market including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, market share, CAGR and the gross margin.
  • Analysis tools: The Business Travel Insurance Market report comprises the precisely researched and weighted data of major industry players and their scope in the Business Travel Insurance Market through several analytical tools.

The Business Travel Insurance Analysis Report offers a comprehensive and substantial study of the Business Travel Insurance Market, key tactics followed by the major players in the Business Travel Insurance Industry and upcoming segments. Analysis of the previous and current Business Travel Insurance industry forecast in terms of volume and value along with the research conclusions is a decisive part of the Travel Insurance Market Analysis Report business.

Request customization on this report @ https://www.nwdiamondnotes.com/request-for-customization/4859

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What Auto Insurance Coverages Can I Avoid? https://carinsuranceinmemphis.net/what-auto-insurance-coverages-can-i-avoid/ https://carinsuranceinmemphis.net/what-auto-insurance-coverages-can-i-avoid/#respond Fri, 27 Aug 2021 23:00:00 +0000 https://carinsuranceinmemphis.net/what-auto-insurance-coverages-can-i-avoid/ No one wants to spend money on auto insurance they don’t need. But not having sufficient coverage can lead to devastating financial losses if you are involved in an accident. Before deciding which auto insurance coverage to avoid, you need to determine which ones you must comply with under the law and which ones will […]]]>

No one wants to spend money on auto insurance they don’t need. But not having sufficient coverage can lead to devastating financial losses if you are involved in an accident.

Before deciding which auto insurance coverage to avoid, you need to determine which ones you must comply with under the law and which ones will adequately protect you and your family.

Is It Legal To Drive Without Auto Insurance?

Almost every state in the country requires drivers to maintain liability coverage – it’s the law. Some states also require it for medical payments or injury protection (PIP) and coverage for uninsured / underinsured motorists.

RELATED STORIES: Penalties for Driving Without Auto Insurance by State

For the most recent information on the requirements for your place of residence, check with your state’s insurance department.

What are the minimum mandatory insurance requirements?

In addition to the mandates that dictate the types of coverage you need to purchase, states also make laws governing the amount of coverage you need. The minimum mandatory insurance requirement is the lowest policy limit you can have to legally drive in your state.

Sticking to your state’s minimum insurance requirements will help save you money when purchasing insurance. But the mandatory minimums in many states are low. If you carry only the minimum, you may end up without sufficient coverage in the event of a serious accident. And you may need to dip into your savings or other investments to cover accident-related bills.

The National Highway Traffic Safety Administration of the United States Department of Transportation has released data showing that approximately 38,680 people died in car crashes in 2020. Despite the pandemic, this represents an estimated increase of about 7% by compared to 36,096 deaths in 2019.

According to the NHTSA analysis, the main causes of this increase are impaired driving, speeding and not wearing a seat belt.

You cannot control what others are doing on the roads. But you can control your driving behaviors and the types of insurance coverage you buy to prepare for the unexpected.

What if I drive without auto insurance?

The penalties for driving a car without the proper insurance coverages vary depending on the state you live in and can include:

  • Fines
  • Confiscation of your license plates
  • Prison time
  • License and registration suspended
  • Impoundment of vehicles
  • Need a SR-22 form as proof of insurance to continue driving

How to decide which auto insurance coverage to avoid

Before deciding which auto insurance coverages you can avoid, you should know what types are required to legally drive in your state. And you need to understand how each available coverage protects you. Remember, just because coverage is optional doesn’t mean not having it is a good idea.

Let’s take a look at the main types of coverage available on a standard auto insurance policy to help you decide which ones you need and which ones you cannot ignore.

Main Types of Auto Insurance Coverage

Responsibility

Because responsibility is required in almost all states, you are unlikely to decide whether or not to carry it. Instead, you will need to determine which policy limits are adequate. It is important to choose an amount high enough to protect your assets if you are at fault for an accident.

If you have liability coverage, you will have three separate limits, which you will see written like this in your policy: 15/30/10.

The first number represents the limit of liability for bodily injury per person. The second represents the limit of liability for bodily injury by accident. And the third is the limit of liability for accidental property damage.

Let’s say you carry your state’s minimum liability limits of 15/30/10. Your insurer will pay up to $ 15,000 in medical expenses per person. The company will pay a maximum of $ 30,000 in medical expenses for the entire accident, regardless of the number of people injured. And they will pay up to $ 10,000 in property damage from the accident.

Remember that the purpose of liability coverage is to protect the people you injure in an accident. It does not cover any of your medical bills or damage to your vehicle.

Medical payments and personal injury protection

Some states require medical payments or protection against injuries. In others, it is optional. But skipping it is risky if you live in a condition that doesn’t require it. This type of coverage helps cover injuries sustained by you or your passengers in an accident. It can also cover lost wages and funeral costs.

When deciding to buy it and what your coverage limit should be, consider whether you could afford to pay for a hospital stay, physical therapy, surgery, and any other medical treatment you might need. after an accident.

Coverage for uninsured and underinsured motorists

If you live in a state that requires drivers to maintain this type of coverage, you will need to purchase it to drive legally. If you live in a state where it’s optional, you’ll need to decide if it’s worth it.

The responsible driver’s insurance company should pay for injuries and property damage when you are involved in an accident. But if the responsible driver is uninsured or underinsured, you could have to pay costs related to an accident. Uninsured / Underinsured Motorist Coverage protects you if you are struck by a driver who does not have insurance or sufficient coverage to pay your expenses.

Collision and Complete

No state currently requires drivers to maintain collision or comprehensive coverage. But a collision and a complete could be necessary if you take out a loan or car rental for a new or used car.

Collision helps pay for vehicle repairs if you are involved in an accident. And comprehensive coverage for damage caused by non-accident incidents such as inclement weather, vandalism, theft, animals, etc.

To decide whether maintaining full or collision coverage is in your best interest, you will need to do some math. If you don’t already know the current market value of your vehicle, you need to find out. Kelley Blue Book’s Car Value Tool can help. It shows the current market value of your own vehicle (added bonus: you can check the value of any new or used car if necessary if you are buying a car).

Knowing the value of your car is important because it is the maximum amount that the insurance company will reimburse you if a covered event damages your vehicle. For example, if your car is worth $ 2,500 but suffered damage of $ 5,000, the insurance company will issue you a check for $ 2,500 less your deductible.

Comparing the amount the insurance company could reimburse you for your vehicle with your all perils and collision premiums can help you decide whether paying for coverage is worth it.

RELATED STORIES: Do I Need Collision Insurance If My Car Is Covered?

Insurance supplements

In addition to the five main types of coverage available on a standard auto insurance policy, there are many add-ons, such as Gap Coverage, Rental Car Reimbursement, and Custom Equipment Coverage, which you can provide. can include to protect a specific need. Add-ons are optional but can provide peace of mind.

Choosing the right coverage and policy limits

There is no doubt that the cost of insurance can add up quickly. But don’t skip specific coverage too quickly just because it’s optional. While it might save you a few dollars today, it could end up costing you dearly.

When selecting coverage and policy limits, you will need to balance the cost you have to pay for your policy with the benefit of having adequate coverage when you need it.

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AXA unveils “Shareplan 2021” | Insurance company https://carinsuranceinmemphis.net/axa-unveils-shareplan-2021-insurance-company/ https://carinsuranceinmemphis.net/axa-unveils-shareplan-2021-insurance-company/#respond Tue, 24 Aug 2021 05:42:49 +0000 https://carinsuranceinmemphis.net/axa-unveils-shareplan-2021-insurance-company/ Taking place in 36 countries, Shareplan 2021 will involve around 110,000 AXA employees. According to the company, in most countries, staff will have the option of participating in both a traditional offer and a leveraged offer. At the same time, the maximum number of new shares that can be issued is 58,951,965 shares, which, according […]]]>

Taking place in 36 countries, Shareplan 2021 will involve around 110,000 AXA employees. According to the company, in most countries, staff will have the option of participating in both a traditional offer and a leveraged offer.

At the same time, the maximum number of new shares that can be issued is 58,951,965 shares, which, according to AXA, corresponds to a capital increase of a nominal amount of approximately 135 million euros.

In its announcement, the insurance group noted: “For the classic offer (excluding Germany, Italy, South Korea, Spain and the United States), the new shares will be subscribed through FCPEs whose employees will receive shares. Employees will have the right to vote directly at AXA general meetings.

The FCPE (Fonds Commun de Placement d’Entreprise) refers to the company’s employee shareholding fund.

AXA continued: “In Germany, Italy, South Korea, Spain and the United States, shares will be subscribed directly by employees and will be held in registered accounts. They will have the right to vote directly. The classic offer will not be offered in Morocco.

“For the leveraged offer outside of China, Italy, South Korea, United States and Sweden where the leveraged formula will not be offered, the new shares will be subscribed through FCPEs whose employees will receive shares. Employees will have the right to vote directly at AXA general meetings.

The withdrawal / subscription period should extend from October 14 to 18, the date of the capital increase being scheduled for November 26.

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